ABN Amro Bank has launched a new fixed income investment plan for Non-Resident Indians offering them attractive fixed investment opportunities in the face of maturing Resurgent India Bonds.

"The maturing of the Resurgent India Bonds has once again brought about the need for offering an acceptable investment option to our customers. Here our vast range of products can help our NRI customers to choose the right products based on their Investment objectives," the bank's UAE business head (investments) Sudhanshu Garg said.

The new investment products, being managed by HDFC Mutual Fund, have been developed by ABN Amro Bank in response to a number of developments that have altered the financial climate in India, Burhan Khan, the bank's UAE head of consumer banking, told a meeting of NRI investors in Dubai.

Since 1998 a rapidly growing services sector has led to a growing foreign exchange reserves position, which is now in excess of $85 billion, he said.

Additionally, the changing moods of the Indian financial regulators have resulted in their now wanting to lower interest rate arbitrage opportunities based on the strengthening of the fundamentals of the Indian economy.

"NRI banking represents an important strategic commitment on the part of ABN Amro to deliver a product portfolio of services for the growing global Indian population without being passed from counter to counter," Khan said.